Proactiveinvestors Australia Hiscox https://www.proactiveinvestors.com.au Proactiveinvestors Australia Hiscox RSS feed en Tue, 23 Jul 2019 09:14:46 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190717133742_14153273/ Wed, 17 Jul 2019 22:37:42 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190717133742_14153273/ <![CDATA[RNS press release - Trading update ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190712070004_14145985/ Fri, 12 Jul 2019 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190712070004_14145985/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190701165326_14132087/ Tue, 02 Jul 2019 01:53:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190701165326_14132087/ <![CDATA[RNS press release - Richard Watson - Retirement ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190627070014_14126178/ Thu, 27 Jun 2019 16:00:14 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190627070014_14126178/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190618162227_14115574/ Wed, 19 Jun 2019 01:22:27 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190618162227_14115574/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190618162221_14115573/ Wed, 19 Jun 2019 01:22:21 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190618162221_14115573/ <![CDATA[RNS press release - Application to be Admitted to Official List ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190610144526_14105242/ Mon, 10 Jun 2019 23:45:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190610144526_14105242/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190603135121_14096496/ Mon, 03 Jun 2019 22:51:21 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190603135121_14096496/ <![CDATA[RNS press release - Announcement of Scrip Reference Share Price ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190530152952_14092926/ Fri, 31 May 2019 00:29:52 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190530152952_14092926/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190523165521_14085791/ Fri, 24 May 2019 01:55:21 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190523165521_14085791/ <![CDATA[RNS press release - EGM Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190516182846_14077515/ Fri, 17 May 2019 03:28:46 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190516182846_14077515/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190516182831_14077514/ Fri, 17 May 2019 03:28:31 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190516182831_14077514/ <![CDATA[RNS press release - BLOCK LISTING SIX MONTHLY RETURN ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190515150625_14075406/ Thu, 16 May 2019 00:06:25 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190515150625_14075406/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190510122140_14070054/ Fri, 10 May 2019 21:21:40 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190510122140_14070054/ <![CDATA[RNS press release - Hiscox Ltd Q1 Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190507070103_14063969/ Tue, 07 May 2019 16:01:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190507070103_14063969/ <![CDATA[RNS press release - Syndicates 33 and 6104 - estimates ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190507070006_14063964/ Tue, 07 May 2019 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190507070006_14063964/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190501154315_14059889/ Thu, 02 May 2019 00:43:15 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190501154315_14059889/ <![CDATA[RNS press release - Notice of 2019 Extraordinary General Meeting ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190430151336_14057798/ Wed, 01 May 2019 00:13:36 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190430151336_14057798/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190411070015_14036890/ Thu, 11 Apr 2019 16:00:15 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190411070015_14036890/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190405151812_14031282/ Sat, 06 Apr 2019 01:18:12 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190405151812_14031282/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190401144430_14023956/ Tue, 02 Apr 2019 00:44:30 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190401144430_14023956/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190401144421_14023955/ Tue, 02 Apr 2019 00:44:21 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190401144421_14023955/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190319171924_14008066/ Wed, 20 Mar 2019 04:19:24 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190319171924_14008066/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190315171239_14004743/ Sat, 16 Mar 2019 04:12:39 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190315171239_14004743/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190308150111_13996100/ Sat, 09 Mar 2019 02:01:11 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190308150111_13996100/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190304133351_13989296/ Tue, 05 Mar 2019 00:33:51 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190304133351_13989296/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190301144516_13987729/ Sat, 02 Mar 2019 01:45:16 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190301144516_13987729/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190227171103_13984237/ Thu, 28 Feb 2019 04:11:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190227171103_13984237/ <![CDATA[RNS press release - Hiscox Ltd full year results ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190225070102_13979644/ Mon, 25 Feb 2019 18:01:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190225070102_13979644/ <![CDATA[RNS press release - Syndicates 33 and 6104 - results and estimates ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190225070004_13979533/ Mon, 25 Feb 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190225070004_13979533/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190102070006_13920060/ Wed, 02 Jan 2019 18:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20190102070006_13920060/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181231070008_13918756/ Mon, 31 Dec 2018 18:00:08 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181231070008_13918756/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181214172023_13905066/ Sat, 15 Dec 2018 04:20:23 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181214172023_13905066/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181213141040_13903048/ Fri, 14 Dec 2018 01:10:40 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181213141040_13903048/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181206143150_13894545/ Fri, 07 Dec 2018 01:31:50 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181206143150_13894545/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181203132436_13889285/ Tue, 04 Dec 2018 00:24:36 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181203132436_13889285/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181128163746_13884150/ Thu, 29 Nov 2018 03:37:46 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181128163746_13884150/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181123142614_13878939/ Sat, 24 Nov 2018 01:26:14 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181123142614_13878939/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181114143150_13867100/ Thu, 15 Nov 2018 01:31:50 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181114143150_13867100/ <![CDATA[RNS press release - BLOCK LISTING SIX MONTHLY RETURN ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181113143031_13865412/ Wed, 14 Nov 2018 01:30:31 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181113143031_13865412/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181109151110_13862206/ Sat, 10 Nov 2018 02:11:10 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181109151110_13862206/ <![CDATA[RNS press release - Syndicates 33 and 6104 - estimates ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181106091416_13856518/ Tue, 06 Nov 2018 20:14:16 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181106091416_13856518/ <![CDATA[RNS press release - Hiscox Ltd Q3 Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181105070004_13854100/ Mon, 05 Nov 2018 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181105070004_13854100/ <![CDATA[RNS press release - TR-1: Standard form-notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181102150154_13853702/ Sat, 03 Nov 2018 02:01:54 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181102150154_13853702/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181101160413_13852101/ Fri, 02 Nov 2018 03:04:13 +1100 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181101160413_13852101/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181005070004_13817504/ Fri, 05 Oct 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181005070004_13817504/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181002141714_13813507/ Tue, 02 Oct 2018 23:17:14 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181002141714_13813507/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181001133940_13811500/ Mon, 01 Oct 2018 22:39:40 +1000 https://www.proactiveinvestors.com.au/companies/rns/3466/LSE20181001133940_13811500/ <![CDATA[News - Hiscox sees catastrophe exposed business drive growth in first quarter ]]> https://www.proactiveinvestors.com.au/companies/news/196556/hiscox-sees-catastrophe-exposed-business-drive-growth-in-first-quarter-196556.html Specialist insurer and FTSE 250 constituent Hiscox Ltd (LON:HSX) reported a rise in gross written premiums (GWP) for the first three months of 2018, driven in part by improving rates from catastrophe-exposed business.

The group reported that GWP for the three months to the end of March had risen 20% in constant currency to US$1.16bn while the increase in catastrophe-exposed business helped its London Market division grow 14%.

USA and Asia strongest performers

Additionally, Hiscox Re & ILS, the firm's reinsurance arm, posted growth of 42%.

The insurer added that its retail business also grew in the quarter, with growth in all areas and Hiscox USA and DirectAsia coming out as the strongest performers on new business in all product lines and ongoing investment in partnerships and branding.

Hiscox also changed its estimate for the 2016 and 2017 accounts for Syndicate 33 at -5.0% to 5.0% from -7.5% to 2.5% of its £1bn capacity for 2016, and left estimates unchanged for the 2017 account.

For Syndicate 6104, estimates remained unchanged for 2016, however 2017 was changed to -15% to -35% from -55% to -45%.

Bronek Masojada, Hiscox chief executive, said: "After a costly year for catastrophes in 2017, our London Market and reinsurance businesses mobilised quickly to grasp the opportunity and grew strongly. Sadly, discipline and good sense is receding in the market, so for the rest of the year growth in big-ticket business will be more measured. Our long-term strategy of investing in less volatile retail lines continues to provide balance and opportunity for growth,"

In a note to clients, analysts at Peel Hunt retained a Reduce rating on the stock, saying: “Hiscox is not as geared to lines where rates are improving given the Co’s focus on Retail business, as such the Co’s mixed rate commentary does not come as a surprise.

They added: “We had assumed mid single digit rate increases in our numbers and based on the Q1 commentary there is no reason to change our assumptions. The shares continue to trade at a significant premium to TNAV, which we struggle to justify by low-teen underlying returns and a low dividend yield.”

In lunchtime trading Tuesday, Hiscox shares were up 0.1% at 1,510p.

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Tue, 08 May 2018 12:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196556/hiscox-sees-catastrophe-exposed-business-drive-growth-in-first-quarter-196556.html
<![CDATA[News - Hiscox estimates it faces net claims totalling about US$225mln from both hurricanes Harvey and Irma ]]> https://www.proactiveinvestors.com.au/companies/news/184898/hiscox-estimates-it-faces-net-claims-totalling-about-us225mln-from-both-hurricanes-harvey-and-irma-184898.html Hiscox Ltd (LON:HSX) has estimated that it would face net claims totalling about US$225mln from both hurricanes Harvey and Irma which battered the Caribbean islands and mainland US in August and September.

The Lloyd's of London underwriter had said on September 18 that Hurricane Harvey alone would cost it at least US$150mln in claims based on an insured market loss of US$25bn.

READ: Hiscox says Harvey devastation will cost it US$150mln

In a statement today, Hiscox said its new estimate was based on an insured market loss of US$35bn for Hurricane Irma.

It added: “Although there is still a degree of uncertainty around these hurricanes, this is within the Group's modelled range of claims for events of this nature, and we still have depth of cover in our reinsurance programme”.

Hurricane Harvey, which lashed the US state of Texas causing flooding was on the scale of Hurricane Sandy in 2012, while Hurricane Irma, was one of the most powerful Atlantic storms on record, which ravaged several islands in the northern Caribbean, before moving onto Florida's Gulf Coast.

READ: Hiscox: JP Morgan Cazenove lowers price target for specialist insurer

Hiscox Group CEO, Bronek Masojada said: These events are already having an impact on rates in the global insurance market, particularly in affected areas and specific sectors. 

“After a number of years of rate reductions, we are starting to see price corrections, most acutely in affected lines such as large property insurance and catastrophe reinsurance, which we expect to spread to non-affected lines.”

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Mon, 02 Oct 2017 08:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/184898/hiscox-estimates-it-faces-net-claims-totalling-about-us225mln-from-both-hurricanes-harvey-and-irma-184898.html